what is the minimum amount we can invest?

Hey, Aaron! The minimum is one share at $253.

What is your net profit on 30.5 Million in sales last year? Can you provide historical profit margin/ revenue growth over the last 5 years? How is the capital going to be deployed?

Thanks for the question, James! This data is also on our Wefunder homepage, but here’s a quick recap. While generating 30.5m in revenue, we had a Net Loss of 2.95m and EBITDAE of 2.9m. Revenue grew 59% in 2018, 29% in 2017, and 100% in 2016. Gross Margins grew 3% in 2018, 4% in 2017, and 109% in 2016. 2017 and 2018 were building years where we invested in physical infrastructure, information systems, and people to execute on the 5 projects we have under construction today. By leveraging our c...

Could you explain the promisory notes to you and your family members in a little more detail? Are they loans? Deferred compensation?

Hey, Russell! The Promissory Notes are loans related to the sale of shares to our ESOP trust in order to form the 30% Employee Stock Ownership Plan that was created in June of 2017.

What are the proceeds for and why is this request the best path forward? Do you have an independent valuation agent?

Regarding use of proceeds: At $50,188: 62.5% towards uncommitted funds to be used for business operations as necessary such as payroll, overhead, production expenses, location acquisitions, and buildouts; 30% towards offering expenses; 7.5% towards platform fees. At $250,000: 20% towards minor efficiency projects/equipment; 66.5% towards uncommitted funds to be used for business operations as necessary such as payroll, overhead, production expenses, location acquisitions, and buildouts; 6% to...

Are you open to getting bought by a macro?

Selling to a macrobrewery is not currently part of our business plan. Furthermore, structuring our company as employee and fan-owned would likely make such a sale more complicated, thus much less plausible.

Modern Times Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

~$30.5M in revenue in 2018. Up 59% from 2017.

Top-performing beer brand in Stone Distributing portfolio in both dollars and volume.

30% increase in 2018 wholesale distribution in our home market of Southern California.

Top 1% of craft breweries in the nation by volume.

30% employee-owned. Now opening our ownership up to fans!

No money spent on advertising. Garnered the 6th-largest social media following in independent craft beer through organic growth.

Currently operate 5 tasting rooms, 3 breweries, 3 kitchens, and 1 coffee roastery. Planning to open 3 new locations in 2019.

Modern Times

We'd like to formally invite you to the party

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